S Chand and Company gains on acquiring 26% stake in Chhaya Prakashani

27 Feb 2019

S Chand And Company is currently trading at Rs. 181.90, up by 3.80 points or 2.13% from its previous closing of Rs. 178.10 on the BSE.

The scrip opened at Rs. 180.85 and has touched a high and low of Rs. 182.40 and Rs. 180.60 respectively.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 470.00 on 28-Feb-2018 and a 52 week low of Rs. 173.00 on 26-Feb-2019.

Last one week high and low of the scrip stood at Rs. 183.60 and Rs. 173.00 respectively. The current market cap of the company is Rs. 633.05 crore.

The promoters holding in the company stood at 46.68%, while Institutions and Non-Institutions held 20.56% and 32.76% respectively.

S Chand and Company along with its wholly owned subsidiary -- Eurasia Publishing House has acquired the remaining stake of 26% in Chhaya Prakashani, from its existing shareholder on February 25, 2019, and Chhaya Prakashani has become the wholly owned subsidiary of the Company.

Earlier, the company had made an investment in Chhaya Prakashani in December 2016, by way of acquiring 74% of share capital of Chhaya.

S Chand and Company delivers content, solutions and services across the education lifecycle through its K-12, higher education and early learning segments.

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SEBI Registered: Investment Adviser - INA000013323
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